AFTER ANALYZING THE ABOVE TABLE, IT IS CLEAR THAT FIIs HAD TOTAL NET LONG POSITION IN NIFTY FUTURE IN JAN-12 TO FEB -12 WAS RS. 5312 CR. @ 5164.71 NIFTY SPOT LEVEL BUT IN MAR-12, APRIL-12, & MAY-12 FIIs TOTAL SELL POSITION WAS RS. -11308.28 CR @ 5172.29 NIFTY SPOT LEVELS., MEANS TO SAY FIIs BECAME NOT ONLY EXIT FROM ALL LONG POSITION IN NIFTY FUTURE BUT CREATED IN JAN-12 TO FEB-12 BUT ALSO CREATED FRESH SHORT POSITION IN NIFTY FUTURE.
TOTAL NET LONG POSITION IN NIFTY FUTURE (JAN-12 TO FEB-12) :- 3967.10 + 1344 = RS. 5312 CR. @ 5164.71 NIFTY SPOT LEVEL
LESS (-) TOTAL NET SELL POSITION IN NIFTY FUTURE (MAR-12, APRIL-12, & MAY-12) :- -4597.25 + (-1121.41) + (-5589.85) = RS. -11308.28 CR. @ 5172.29
NET FRESH SHORT POSITION IN NIFTY FUTURE AT THE END OF MAY-12 = RS.- 5996.28 CR. @ 5125.82 NIFTY SPOT LEVEL
BUT AFTER MAY-12 THERE BECAME TURNAROUND AND FIIs STARTED TO BUY IN THE MARKET. IF WE SEE THE TABLE, THEN IT IS CLEAR THAT FIIs HAVE COVERED NOT ONLY ALL THE SHORT POSITIONS IN NIFTY FUTURE CREATED IN APRIL-12 TO MAY-12 BUT ALSO CREATED FRESH LONG POSITION. FIIs TOTAL NET BUY POSITION IN NIFTY FUTURE FROM JUNE-12 TO SEPT-12 IS RS. 11827.91 CR. @ 5272.14 NIFTY SPOT LEVEL. EARLIER FIIs HAD NET SHORT POSITION IN NIFTY FUTURE WHICH WAS RS. RS.-5996.28 CR. @ 5125.82 NIFTY SPOT LEVEL WHICH COVERED IN JUNE-12 RS. 5433.26 CR. @ 5063.41 NIFTY SPOT LEVEL AND RENAMING SHORT POSITION RS. -563.02 CR. COVERED IN JULY-12 & AUG-12.
NET FRESH SHORT POSITION IN NIFTY FUTURE AT THE END OF MAY-12 = RS. 5996.28 CR. @ 5125.82 NIFTY SPOT LEVEL
LESS (-) TOTAL NET BUY POSITION IN NIFTY FUTURE FROM JUNE-12 TO SEP-12 (TILL 26 SEPT-12) :- RS. 11827.91 CR @ 5272.14
NET FRESH LONG POSITION IN NIFTY FUTURE AT END OF 26 SEPT -12 :- RS. +5831.63 CR. @ 5214.98 NIFTY SPOT LEVEL.
IN SEPT-12 SERIES FIIs HAVE NET BUY POSITION RS. +2967.03 CR. @ 5476.69 NIFTY SPOT LEVEL
SO, WE CAN SAY ON THE BASIS OF FIIs NIFTY SPOT HAS TWO MAJOR SUPPORT 1ST AROUND @ 5476.69 AND 2ND @ 5214.98.
SO, IN SHORT TERM MARKET IS NOT LOOKING DOWN. IF NIFTY SPOT COMES DOWN TO 5476.69 THEN ONE CAN BUY AT THIS LEVEL. THOSE HAVING LONG POSITIONS CAN MAINTAIN STOP LOSS @ 5476.69 AT NIFTY SPOT LEVEL BASIS.
NOW TODAY 23.01.2013 NIFTY SPOT IS @ 6054
ReplyDeleteIN SEPT 2012, NIFTY SPOT LOW @ 5215.70, HIGH @ 5735.15 AND SEPT 2012 CLOSING @ 5703.30.
ReplyDeleteREPORT POST ON 27 SEPT 2012 TO BUY NIFTY ON DIPS WITH SL @ 5476.69 ON SPOT BASIS AND ON THAT DAY NIFTY SPOT HIGH @ 5693.70, LOW @ 5639.70 AND CLOSED @ 5649.50. AFTER POSTING THE REPORT NIFTY SPOT TOUCHED @ 5645.10 ON DAY BASIS ON 29 OCT 2012 AND TOUCHED @ 5548.35 ON DAY BASIS ON 20 NOV 2012 AND FINALLY AFTER TOUCHING THIS LEVEL NIFTY SPOT DID COME BELOW THIS LEVEL AND TOUCHED NEW 52 WEEKS HIGH @ 6101.30 ON 22 JAN 2013. ON 27 SEPT 2012 IT WAS SUGGESTED THAT TO BUY ON DIPS WITH SL @ 5476.69. NOW RESULT IN FRONT OF MARKET.